goods in transit insurance is a marine insurance that covers any loss or damage to goods conveyed on land by road or rail or by boat for short journeys.
The cover provided on all risks basis, indemnifying the insured for loss or damage to goods by fire, accident, theft or pilferage while being loaded or unloaded from any vehicle or passenger or goods train of temporarily housed in the ordinary course of transit, whether on or off conveyance.
- Fire, theft or accidental means
- Lorry clause
This coverage is against loss of or damage to the goods by fire, theft or accidental means
This coverage is a more restrictive cover loss or damage to the goods resulting from fire, collision and overturning of the conveyance.
extended coverages with an additional premium
Note: This policy can be extended by an additional premium to cover loss arising from.